Philanthropy

Failing to Govern?

Last September, the board of
the Beard Foundation took a lashing when the New
York Times broke the story of the foundation’s inability
to account for hundreds of thousands of dollars
in annual revenue. The prestigious culinary institute,
founded by Julia Child, had $4.7 million in revenues
in 2003, and gave out only $29,500 in scholarships.
“Whatever they [the board] did or didn’t know
and did or didn’t do themselves,” said Corby Kummer,
a prominent food writer, to the New York Times
on Dec....

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